Binance Hires Richard Teng To Expand Operations In Singapore
Binance has hired Richard Teng to become their CEO in Singapore to cross the regulatory curve. This has been a hurdle for the exchange in the present weeks. Binance is a cryptocurrency exchange that provides an online platform for trading various cryptocurrencies. It was founded in 2017, domiciled in the Cayman Islands, and provides a […]
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Binance's most recent acquisition is still subject to some regulatory requirements. Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private securities exchange, Hg Exchange (HGX).On Dec. 7, the company officially announced an acquisition of a post-money 18% stake in HGX, a stock exchange licensed and regulated by the Monetary Authority of Singapore.Binance Singapore CEO Richard Teng said that the new investment will help Binance and HGX further expand the scale of products and services “supported by blockchain technology”....
In a recent development, Richard Teng, the CEO of Binance, has confirmed the company’s close cooperation with Nigerian authorities following the detention of its head of financial crime compliance, Tigran Gambaryan. Gambaryan and another Binance official are facing accusations of laundering over $35 million. According to a Reuters report, the Nigerian court has adjourned the […]
Crypto exchange Binance is remodeling its attitude toward regulation, flipping the script on its former notoriety as a pain in the neck of sorts to a role as an insider policy adviser to governments worldwide. The organization currently advises governments in several countries on crypto policy, recent quotes by CEO Richard Teng report. Related Reading: […]
Binance is terminating some services in Singapore, including fiat deposit services and spot trading of cryptocurrencies, to comply with the country’s regulations. The exchange has already ceased trading in Singapore dollars. Binance Scaling Down Services in Singapore Cryptocurrency exchange Binance announced Monday some changes to its offerings in Singapore. The company wrote: With effect from 2021-10-26 04:00 AM UTC (12:00 PM UTC+8), users in Singapore will not be able to access certain functions on Binance.com including fiat deposit services, spot trading of....
Binance is currently the largest exchange in the world in terms of the daily trading volume. It is incorporated in the Cayman Islands and has an office in Singapore. It, however, claims not to have a corporate headquarters. Recently, the company has faced regulatory issues in several countries, including the U.S., Hong Kong, and Malaysia. […]